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Colorado provides a research and development (R&D) credit for taxpayers located within an Enterprise Zone (EZ). An application is required, therefore the taxpayer must pre-certify with their local Enterprise Zone Administrator to be eligible to claim the credit (See Form DR 0074). Pre-certified taxpayers who intend to claim an EZ R&D credit must complete a certification application (See Forms DD 0076 or DD 0077) and receive approval from the appropriate EZ Administrator.
Businesses engaged in research and experimental expenditures may earn a 3% tax credit on the increase in such expenditures, as compared to that of the prior 2 years (the Base Amount).
Learn more about Colorado's Enterprise Zones Tax Credits here.
R&D Tax Credit Available:
C-Corporation, S-Corporations, LLCs, Partnerships
Deadline for Tax Filing:
Due with Colorado Tax Return
Data Required to Compute Credit:
Claim Period Colorado Qualified R&D Expenses (QREs)
What Information is needed?
QREs for Prior 2 Years